Huge Sales at Home Builder NVR

Founder Dwight Schar sold $124 million in shares of NVR.

THE CHAIRMAN AND FOUNDER of home builder and mortgage banker NVR (ticker: NVR) has sold $124 million in the company's shares since Feb. 2, cashing in the vast majority of his holdings.

Chairman Dwight Schar founded NVR in 1979 and stepped down from the position of executive officer on Feb. 4. Between Feb. 2 and Feb. 9, he sold a whopping 300,253 shares for $124 million, an average per-share price of...